Gold prices have hit new highs, exceeding $3,100 per ounce, showcasing its resilience as a safe-haven asset amidst global market volatility. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, acknowledges this dynamic and reaffirms its commitment to providing seamless access to diverse financial opportunities. As the first crypto exchange to offer gold trading with USDT, Bybit empowers traders to capitalize on these market trends, Bybit’s Head of Derivatives and Institutions Shunyet Jan forecasts continued bullish momentum for gold, citing several key drivers: Strategic Central Bank Accumulation As Asian central banks diversify their reserves, increasing gold holdings and reducing reliance on the US dollar, this strategic shift creates sustained demand and upward pressure on prices. Many nations aim to reduce dependence on the US dollar and have more diversified reserve assets. **Persistent Geopolitical Uncertainty** New tariffs under the Trump administration are expected to contribute to geopolitical tensions. Coupled with existing global conflicts, gold is poised as a stable asset for investors seeking to mitigate risk. Gold as an Inflation Hedge Gold’s established role as an inflation hedge remains paramount, particularly as concerns about rising prices intensify. Unlike cryptocurrencies like Bitcoin, which have shown heightened correlation with broader market trends, gold maintains its inverse relationship with inflationary pressures. **Bybit’s Growth Amidst Market Trends** Bybit’s proactive approach to market trends led to the introduction of Gold & FX Trading in August 2024 and Copy Trading for Gold & FX in January 2025. This has democratized access to traditional financial markets, catering to traders of all levels. The platform’s popularity is evident in a remarkable $10 billion in gold trading volume yesterday alone. **Expanded Opportunities through XAUTUSDT Contracts** Bybit will also launch XAUTUSDT perpetual contracts today, providing even more opportunities for traders to engage with gold markets within a crypto-native environment. Shunyet Jan added, “Bybit’s strategic integration of Gold & FX trading and innovative Copy Trading demonstrates our commitment to empowering traders with diverse and accessible opportunities.